NIP-3 Community Fund Management and Use of Process

  NIP: 3
  Title: Community Fund Management and Use of Process
  Author: Reaper Ran <reaper@nuls.io>
  Discussions-To: https://nuls.community/d/262-community-fund-management-and-use-of-process-discussion-draft-ngc20181221
  Status: Last call
  Type: Process
  Created: 2018-12-28

Abstract

According to the needs of the ecological development of the NULS community, the management and use of the NULS community fund is based on the principles of fairness, justice and openness. The NULS Community Fund account is open to the community and is monitored by community members. All incentive proposals are managed according to the community Charter and can be used to cover expenses. The funds will be managed by select NULS team management members of the NULS Foundation in the early stage. With the maturation and step-by-step implementation of the governance mechanism, the funds will be gradually managed by the community.

Motivation

In order to enable the community to have more talents to join, community funds are opened to the community for joint management and use.

Specification

The following is a specification of the Community Fund Management and Use of Process.

Community Fund Management and Use of Process

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I. Community Fund Management

According to the needs of the ecological development of the NULS community, the management and use of the NULS community fund is based on the principles of fairness, justice and openness. The NULS Community Fund account is open to the community and is monitored by community members. All incentive proposals are managed according to the community Charter and can be used to cover expenses. The funds will be managed by select NULS team management members of the NULS Foundation in the early stage. With the maturation and step-by-step implementation of the governance mechanism, the funds will be gradually managed by the community.

Community Fund Account Address:

Nse9U8qaLcV7b6uFy3nr8pD3z7mKgo9u

According to the guiding ideology of the community Charter, the proposal implements the operation of the Foundation account.

The proposal is initiated by the Council members: the voting period after the proposal is 15 days, the voting period for the Contributor role proposal is 7 days, and the voting support rate must reach 70%, otherwise it fails.The Council members may increase the standard of support rate according to the content of the proposal, but not less than 70%.

Note: The Council members are appointed by the designated members of the core team. After the governance tools and community regulations are improved, the council will be elected by all community members.

**Tentative first Council members: Liesa, Isaac, Omar, Reaper, Emerson, Penny, Berzeck, Moshe, Niels, Lin, Siwei **

II. The Application Member

1. Ordinary Members

All NULS Holders, community volunteers, and any other members who want to participate in the NULS community contributions. The Council members initiate the proposal for the ordinary members. The community vote for the proposal is held for 15 days.

2. Contributor Role

Contributor role includes members of the CODE CRAFT COUNCIL (CCC) selected through the community's voting campaign and other members of the contributor role that will be generated through the community governance process in the future under the guidance of the community charter. The contributor role generation process is performed in accordance with a separate proposal in the community charter, and changes to the rewards that are required by the role of the contributor still follow this process. The Council members initiate the proposal for the contributor role members. The community vote for the proposal is held for 7 days.

III. The Type of Application

1. Proposal to Pay Funds

The applicant has already done something and needs to pay for some of the costs incurred by the matter. This payment applies to a one-time payment or a specific transaction. Based on NULS, a single application does not exceed 10,000 NULS.

2. Proposal Budget Item

The applicant has a plan to execute and needs to initiate a proposal for a budgeted project. Proposal budget item is applicable to specific contributor roles or community members to participate in the contribution. After the proposal is passed, periodic payment will be made in installments. For example, community management, platform information maintenance, etc. The budget project is based on NULS and the maximum single-budget application does not exceed 20,000 NULS.

3. The Proposal to Create a Node

Applicants can apply for a proposal to create a node through a community fund. The creation node can specify and obtain the reward address, and the funds that create the node and/or deposit requirement are still owned by the community fund. This approach is suitable for long-term cooperation such as CCC members, other capable teams, developers, or operational partners. Creation of a node deposit is equal to 20,000 NULS.

4. Proposal Entrusted Funds

Applicants can apply for NULS to be entrusted to a node through a community fund. It can be a node created by the proposal, or a node created by the applicant itself. The entrusted NULS and the consensus rewards generated by the commission are owned by the community fund. This approach can be combined with a proposal creation node and is suitable for long-term cooperation to include Ambassadors, CCC members, other capable teams, developers, or operational partners, etc. The maximum amount of funds requested for application is 500,000 NULS.

IV. The Application Process

1. The Plan is Openly and Thoroughly Discussed

(1) Display the plan, program or proposal in the community forum and openly discuss and answer the questions raised by the community;

(2) Make the plan or revisions to the plan more complete according to the suggestions made by the community, to include the use of the funding for the program which needs to be clear, forthright, transparent and fully understood by the whole community;

(3) The methods that can be applied for in the scheme include payment of funds, budget items, creation of nodes, and entrusted funds;

(4) The proposal to pay the funds necessitates clarification of the amount of funds, the purpose for the funds, and the effective evaluation and clear projections of the results to be obtained;

(5) Proposal budget items require detailed plans, funding amounts, uses, payment cycles and performance estimates;

(6) For proposal to create a node, you need to specify the address of the reward, the purpose of creating the node, quantify and present the reward calculation generated by the node, and include the future plan of the applicant or the partner;

(7) The entrusted funds of the proposal need to clarify the address of the award, the purpose of the entrustment, the calculation of the amount generated by the entrustment, and the future plan of the applicant or the partner;

(8) All proposals initiated by the community are fully discussed (for no less than 7 days) and are fully understood by all community members and submitted to the Council members for formal proposals;

2. Council Member Proposal

(1) Council members receive community-sponsored proposals that have been fully discussed, and then need to assign an NCG number (NCG + date + Item Number 01, 02 ) and make a formal proposal and initiate a community vote;

(2) Both the council and the applicant need to guide the community to vote correctly in the best interest of NULS ecosystem;

(3) After the completion of the voting, if the support rate of the community charter is greater than or equal to the proposal it passes, and if lower than the proposal support rate the vote is considered invalid, and needs to be revised, and re-submitted according to the entire process;

(4) The members of the Council submit applications for funds to the Foundation. The proposal application needs to provide a link for discussion, a link to vote, and an NCG number. The foundation must implement the proposal adopted by the community if the fund has no security risks or other immediate insurmountable obstacles.

3. Foundation Implementation Proposal

(1) If the Foundation receives an application for a proposal submitted by a member of the Council, it will take 3 working days to carry out the relevant operations;

(2) In the processed transaction note, you need to fill in the NCG number of each transaction. If it is a multi-period or installment payment budget item, you need to add the period or payment installment number. (NCG+date+item+period/installment number such as 01 or 04).

V. Process Explanation

All community discussion suggestions are made at nuls.community .

This process is managed according to the community's charter ideas, and the process will be open to entirety of all and any NULS global communities.

Updates to process rules can also be presented as a proposal, in accordance with the Community Charter and NIP.

The specific node generates revenue with reference to the NULS POC consensus mechanism.

Attachment: Current Contributor Role Delegation and Node:

Ambassador Entrustment node - Nse2uqy7kn2pE3YYSU3971bGTxf8ouNR

CCC Members

Angel's node - Nsdtsg23qs7V7Y8mBi2Ah97FiRmfmu8q

Angel's staking - Nse2mbsj7uWnjiQfRpqER8MxSdt171Tx

Berzeck’s node - Nse9Wvq6g6hGbL8j639y3zmgKoErg6w4

Berzeck’s staking – Same as above

Claudio's node - Nse8EbASTcWd5CS6xMbV116VTPMtLwUH

Claudio's staking - Nse4iRsbg4GjyXLieJLXCmtzEdc2cghg

Edward's node - NsdzQguVTwyQKaNCYfhh3sDJNa3BAgNa

Edward's staking - Nse69F3cnLdf3pfXbjt8Q6uHS6ywQ33G

Josh’s node - Nse7htYjgXcPbvPx5gmny75NK3zkyyhs

Josh's staking - NsdxwqYoXBjwbznkUQG4ftHm3D2MNUHR

Moshe’s node - Nsdwx3XSJHAc7Y28urTUcM92g5Av87oW

Moshe’s staking – Same as above

Naveen's node - Nse4KZttUX2wD3YEL95BrU1THf5h1oT4

Naveen's staking - NsdvYw77H9bQLZeKhweZqcfdy9bGrVUN

Last Updated: 1/9/2019, 4:46:46 PM